James Hardie Industries (NYSE:JHX) Downgraded to “Buy” at StockNews.com

StockNews.com lowered shares of James Hardie Industries (NYSE:JHXFree Report) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning.

Other analysts also recently issued research reports about the company. Macquarie raised James Hardie Industries from a neutral rating to an outperform rating in a research note on Tuesday. Bank of America downgraded James Hardie Industries from a neutral rating to an underperform rating and set a $35.50 target price on the stock. in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. downgraded James Hardie Industries from an overweight rating to a neutral rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, James Hardie Industries currently has a consensus rating of Hold and a consensus target price of $35.50.

Read Our Latest Research Report on JHX

James Hardie Industries Stock Performance

JHX opened at $30.99 on Tuesday. The business’s 50-day moving average price is $37.41 and its two-hundred day moving average price is $36.45. James Hardie Industries has a 1 year low of $24.18 and a 1 year high of $41.98. The company has a market capitalization of $13.44 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 1.81 and a beta of 1.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.89 and a quick ratio of 1.46.

Institutional Trading of James Hardie Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of James Hardie Industries by 38.8% in the first quarter. GAMMA Investing LLC now owns 1,219 shares of the construction company’s stock valued at $49,000 after acquiring an additional 341 shares during the last quarter. Lindbrook Capital LLC increased its position in James Hardie Industries by 14.3% during the first quarter. Lindbrook Capital LLC now owns 2,896 shares of the construction company’s stock worth $117,000 after buying an additional 362 shares during the last quarter. Quadrant Capital Group LLC increased its position in James Hardie Industries by 2.8% during the fourth quarter. Quadrant Capital Group LLC now owns 15,302 shares of the construction company’s stock worth $592,000 after buying an additional 424 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in James Hardie Industries by 4.7% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 9,690 shares of the construction company’s stock worth $254,000 after buying an additional 433 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in James Hardie Industries by 1.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 36,658 shares of the construction company’s stock worth $1,418,000 after buying an additional 455 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Company Profile

(Get Free Report)

James Hardie Industries plc manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.

Further Reading

Receive News & Ratings for James Hardie Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James Hardie Industries and related companies with MarketBeat.com's FREE daily email newsletter.